Zacks Research Has Optimistic Outlook of WPM Q2 Earnings

Key Points

• Zacks Research has increased its earnings estimate for Wheaton Precious Metals' Q2 2026 from $0.59 to $0.60 per share, signaling positive sentiment towards the company's financial performance.
• The company's recent quarterly earnings report showed a net income of $0.63 per share, exceeding analysts' expectations, with revenue growth of 68.2% year-over-year.
• Institutional ownership in Wheaton Precious Metals is strong, with 70.34% of shares held by large investors, indicating confidence in the company's stability and growth prospects.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Research analysts at Zacks Research lifted their Q2 2026 earnings per share estimates for Wheaton Precious Metals in a report issued on Friday, October 3rd. Zacks Research analyst Team now expects that the company will earn $0.60 per share for the quarter, up from their prior forecast of $0.59. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Wheaton Precious Metals' FY2026 earnings at $2.41 EPS and Q2 2027 earnings at $0.61 EPS.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The company had revenue of $503.22 million during the quarter, compared to analysts' expectations of $424.23 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm's revenue for the quarter was up 68.2% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Wheaton Precious Metals in a research note on Saturday, September 27th. Raymond James Financial boosted their price objective on Wheaton Precious Metals from $112.00 to $114.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Scotiabank boosted their price objective on Wheaton Precious Metals from $108.00 to $109.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. CIBC boosted their price objective on Wheaton Precious Metals from $130.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th. Finally, Berenberg Bank upped their price target on Wheaton Precious Metals from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.75.

Wheaton Precious Metals Trading Down 0.1%

Shares of NYSE WPM opened at $109.73 on Monday. Wheaton Precious Metals has a twelve month low of $55.47 and a twelve month high of $114.00. The stock has a 50 day moving average of $100.95 and a two-hundred day moving average of $90.46. The stock has a market cap of $49.81 billion, a P/E ratio of 63.43, a P/E/G ratio of 2.94 and a beta of 0.41.

Wheaton Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 21st. Wheaton Precious Metals's dividend payout ratio is 38.15%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bulwark Capital Corp purchased a new position in Wheaton Precious Metals in the second quarter worth $27,000. Delta Asset Management LLC TN purchased a new position in Wheaton Precious Metals in the second quarter worth $27,000. NBT Bank N A NY raised its position in Wheaton Precious Metals by 129.3% in the first quarter. NBT Bank N A NY now owns 415 shares of the company's stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Wheaton Precious Metals in the first quarter worth $38,000. Finally, City State Bank raised its position in Wheaton Precious Metals by 40.0% in the second quarter. City State Bank now owns 560 shares of the company's stock worth $50,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company's stock.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.

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